WASPI Women: £2,950 Compensation Update
The Women Against State Pension Inequality (WASPI) campaign has been fighting for fairer treatment for women affected by the government's decision to raise the state pension age. This group of women, born in the 1950s, were given little to no notice about the changes, leading to significant financial hardship and distress.
What is the WASPI Compensation Scheme?
In 2022, the government announced a £2,950 compensation scheme for certain WASPI women who lost out due to the pension age changes. The scheme aims to offer financial assistance and help women bridge the gap until they reach state pension age.
Who is eligible for WASPI Compensation?
To be eligible for the compensation scheme, women must meet specific criteria:
- Born between April 1951 and April 1953
- Reached State Pension Age between 6 April 2016 and 5 April 2019
- Had their state pension age increased with less than 6 months' notice
How much compensation can I receive?
The maximum amount of compensation available is £2,950. The exact amount will depend on individual circumstances, including the length of notice given, the age at which their state pension age was increased, and their pension entitlement.
What are the next steps?
The deadline for applications for WASPI compensation has now passed. However, there is still ongoing legal action regarding the scheme, and the government is reviewing its findings.
What can I do if I am a WASPI woman?
Stay informed: Keep up to date with the latest developments surrounding the WASPI campaign and compensation scheme.
Contact your MP: Raise your concerns with your Member of Parliament and encourage them to support the WASPI campaign.
Seek professional advice: Consult with a financial advisor or pension specialist to understand your options and explore alternative ways to supplement your income.
Join WASPI: Join the Women Against State Pension Inequality (WASPI) campaign to amplify your voice and connect with others who have been affected by the pension age changes.
The WASPI campaign continues to fight for justice for all women affected by the pension age changes. It remains important to stay engaged and ensure that the voices of these women are heard.
